Ten Square Games (WAR:TEN) EBIT : zł59.3 Mil (TTM As of Mar. 2024)

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What is Ten Square Games EBIT?

Ten Square Games's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was zł21.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was zł59.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ten Square Games's annualized ROC % for the quarter that ended in Mar. 2024 was 21.86%. Ten Square Games's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 587.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ten Square Games's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.79%.

Ten Square Games EBIT Historical Data

The historical data trend for Ten Square Games's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ten Square Games EBIT Chart

Ten Square Games Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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84.63

170.95

164.64

69.02

23.22

Ten Square Games Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-14.67	11.67	24.77	1.40	21.45

Competitive Comparison of Ten Square Games's EBIT

For the Electronic Gaming & Multimedia subindustry, Ten Square Games's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ten Square Games's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Ten Square Games's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ten Square Games's EV-to-EBIT falls into.

Ten Square Games EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was zł59.3 Mil.

Ten Square Games (WAR:TEN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Ten Square Games's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	76.44 * ( 1 - 13.42% )	/	( (305.243	+	300.239)	/ 2 )
=	66.181752	/	302.741
=	21.86 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	458.103	-	48.162	-	( 162.826	-	max(0, 137.627	-	242.325	+	162.826	))
=	305.243

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	366.42	-	50.845	-	( 76.784	-	max(0, 136.85	-	152.186	+	76.784	))
=	300.239

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Ten Square Games's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	85.784	/	( ( (12.653 + max(-86.413, 0))	+	(16.562 + max(-89.803, 0)) )	/	2 )
=	85.784	/	( ( 12.653	+	16.562 )	/	2 )
=	85.784	/	14.6075
=	587.26 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(38.937	+	0	+	8.639)	-	(48.162	+	0	+	85.827)
=	-86.413

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(36.253	+	0	+	8.563)	-	(50.845	+	0	+	83.774)
=	-89.803

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Ten Square Games's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	59.286	/	549.603
	=	10.79 %

Ten Square Games EBIT Related Terms

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Ten Square Games (WAR:TEN) Business Description

Industry

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1HQ:Germany

Address

ul. Dlugosza 60, Wroclaw, POL, 51-162

Website

https://www.tensquaregames.com

Ten Square Games SA is a mobile game development company in Poland. Some of the games developed by the company are Lets Fish, Wild Hunt, Magic heroes, and Lets farm.